Private Client – Business Park, Romsey

A reinstatement cost assessment was undertaken for a two-storey light industrial unit at Belbins Business Park, Romsey. The property comprises a mix of warehouse space, offices, and supporting amenities. It is of traditional cavity brick construction, with metal cladding at first-floor level and a pitched profiled metal roof incorporating rooflights.

Internally, the building includes suspended ceilings, modern lighting, and standard office finishes, along with welfare facilities such as kitchenettes and WCs across both floors. Services include typical electrical, water, heating, and cooling systems expected for a unit of this type.

The assessment followed a detailed site inspection and establishes the cost of rebuilding the property on a like-for-like basis using modern materials and methods, in line with current regulations. The figure reflects a full reinstatement scenario, including demolition, site clearance, temporary works, professional fees, and statutory costs. The outcome is a “day one” rebuild value for insurance purposes, ensuring appropriate cover in the event of total loss.

The calculation is based on gross internal area measurements taken on site and applies standard industry methodology. It assumes reinstatement to the same size, specification, and use, excluding tenant-specific fit-out, contents, and wider estate elements. Abnormal costs, such as contamination or unforeseen ground conditions, are also excluded and would require separate investigation.

The final figure provides a robust and defensible basis for insurance. However, consideration should also be given to factors such as inflation across the policy period, business interruption, and other associated risks. Regular review of the insured value is recommended to ensure it remains accurate and aligned with market conditions and any changes to the property.